Nicholas Baes - 11 Apr 2025 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Role: Chief Operating Officer
Signature: /s/ Paul Simmons Attorney-in-Fact for Nicholas Baes
Issuer symbol: BKKT
Transactions as of: 11 Apr 2025
Net transactions value: $0
Form type: 4
Filing time: 15 Apr 2025, 19:17:44 UTC
Previous filing: 10 Apr 2025
Next filing: 30 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKKT	Class A Common Stock	Award	$0	+34,211	+46%	$0.000000	108,810	11 Apr 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock of the issuer. 50% of the RSUs shall vest on the one year anniversary of the grant date, 12.5% shall vest on the fifteen (15) month anniversary of the grant date, 12.5% shall vest on the eighteen (18) month anniversary of the grant date, 12.5% shall vest on the twenty one (21) month anniversary of the grant date, and 12.5% shall vest on the twenty four (24) month anniversary of the grant date, provided that the reporting person continues to provide services to the issuer through each such date.
F2	Includes 105,789 shares of Class A Common Stock subject to RSUs that remain subject to vesting.

Content

These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock of the issuer. 50% of the RSUs shall vest on the one year anniversary of the grant date, 12.5% shall vest on the fifteen (15) month anniversary of the grant date, 12.5% shall vest on the eighteen (18) month anniversary of the grant date, 12.5% shall vest on the twenty one (21) month anniversary of the grant date, and 12.5% shall vest on the twenty four (24) month anniversary of the grant date, provided that the reporting person continues to provide services to the issuer through each such date.

Includes 105,789 shares of Class A Common Stock subject to RSUs that remain subject to vesting.